Murray Math Lines 02.08.2013 (AUD/USD, NZD/JPY, CAD/CHF)

Analysis for August 2^nd, 2013

AUD/USD

Australian Dollar continues moving downwards; the price is supported by the Super Trends. The market has already broken the 1/8 level and may continue falling down. The main target for the bears is at the 0/8 level.



The pair is moving at the bottom of the H1 chart. Considering that the price is already below the 3/8 level, the market is expected to continue falling down. The target is still at the 0/8 level.

NZD/JPY

The current correction was supported by the Super Trends. If later the price is able to break the 3/8 level and stay below it, the pair will continue moving downwards. In this case, the target will be at the 0/8 level.



The sellers’ first attempt to keep the price inside an “oversold zone” failed. We can’t exclude a possibility that the bears may try to break the 0/8 level once again. If later the pair breaks the -2/8 level, the lines at the chat will be redrawn.

CAD/CHF

The pair is moving in the middle of the H4 chart, but it is supported by the Super Trends. If the market is able to keep the price below the 3/8 level, the pair will continue falling down.



At the H1 chart, the pair is moving inside an “oversold zone”; earlier the price rebounded from the Super rends. If later the pair breaks the -2/8 level, the lines at the chat will be redrawn.



 
RoboForex Analytical Department